The search will be open to single strategy managers and emerging managers-of-managers.
The terminated firm was replaced by two incumbent minority-owned managers at today’s meeting.
He leads the firm’s U.S. DEI initiatives and serves as a resource for Natixis affiliates in the region.
The search will be conducted this year as part of a real estate structure review, which was approved at the meeting.
The plan made commitments totaling roughly $245.5 million with four existing managers and one new manager in November.
The plan will conduct a detailed review of its emerging markets equity portfolio that will include small-cap candidates next month.
A plan based in Chicago hired a diverse-owned fixed-income manager at the beginning of the month following a search.
Plan concluded recent private equity and private debt searches with a pair of commitments to each asset class.
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.
The plan added a second firm to its emerging manager program and continued to build out its private credit portfolio.